Sri Lanka Localization for Business ByDesign : Pristine Solution
All Countries have different requirements for tax reporting, finance reporting, deferent type of document printing and etc. In order to address this SAP Business ByDesign comes with three types of localization.
- SAP Standard Localization
- SAP Pre-Localized Country
- SAP Partner Localization.
Us at Pristine Solution, have created a solution that provides a core localization for Sri Lankan companies to use SAP Business ByDesign by using Sri Lanka (LK) localization.
What is Our Sri Lanka Localization Solution?
Sri Lanka Localization solution provides the functionality to be compliant with the tax authorities in both financials and operations. Additional to end to end functionalities, Pristine provide fully parametrizable settings which are adaptable to Company’s Business requirements.
Key Benefit of Sri Lanka Localization
- Manager Your Tax
It’s covers end to end configuration for sales, purchasing to supplier payment, hence allows the company to have a fully automatized calculation and posting taxes such as: VAT, SVAT and withholding taxes (WHT). Also, it generates reports and forms, along with the summary documents to the tax authorities.
- Statutory Reports
The key financial statement reports like Income Statement, Balance sheet, Cashflow Statement, and Manufacturing Cost Statement are available. Which covers SLFRS standards.
How does it work?
Please click on this video containing a detail view of the functionalities included configuration step as well.
The solution is using native SAP Business ByDesign tools and do not include any third-party apps. There is no need for additional software.
There are customers in Sri Lanka, who are using this solution daily. If Your company is interested or have any questions, please contact us or leave a comment below. Or contact us via SAP App Center.
Please reach us for more details and to discuss your needs.